Taking out a YEL-Insurance

The insurance must be taken out when business activities falling within the scope of YEL have been carried out for four months and in any way no later than six months after the commencement of such. It makes no difference whether the business activities carried out are secondary or seasonal.

A YEL-insurance can be taken out from a pension insurance company or pension fund which deals with pensions for self-employed persons. All activities of a self-employed person falling within the scope of YEL are insured with the same pension insurance. This is the case even if the self-employed person has several businesses through which he/she carries out activities simultaneously.